Ukraine

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Location map
author: OCHA/ ReliefWeb


Location:
- Eastern Europe, bordering the Black Sea.
- Neighbours: Belarus, Russia, Moldova, Poland, Slovakia, Hungary, Romania.

Climate:
- temperate continental;
- Mediterranean only on the southern Crimean coast;
- precipitation disproportionately distributed, highest in west and north, lesser in east and southeast;
- winters vary from cool along the Black Sea to cold farther inland;
- summers are warm across the greater part of the country, hot in the south.

Macro indicators
* 2018 estimates
Surface:603,628km2
Population*:42.1million
Pop. density*:69.7people/km2
GDP*:106.9EUR billion
GDP/capita*:2,541.1EUR

Currency: Hryvnia
Code: UAH
Since: 1996


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:8%
TOTAL NON-LIFE*:92%
Overall Property*:22%
Overall Motor*:27%

Sources:



 


Statistics

Ukraine 1Q2020 Market Portfolio

Ukraine 1Q2020 Insurance Companies Rankings


See all statistics

Latest news

UKRAINE: 16 MTPL insurers got the highest evaluation rating in 1Q2019

The MTIBU (Motor Transport Insurance Bureau of Ukraine) has published the results of Bureau members' financial stability and claim settlement quality; out of 51 companies licensed for MTPL, 16 insurers got the highest evaluation rating in 1Q2019, Forinsurer reports.

UKRAINE: annual MTPL growth from Jan-March reached almost 19%

For the period from January to March, insurers who are members of MTIBU (Motor Transport Insurance Bureau of Ukraine) generated MTPL GWP of 18.82% more y-o-y. Total GWP amounted to UAH 1.08 billion (~EUR 35.34 million), Forinsurer informed.


UKRAINE: InsuranceNEXT Conference - future insurance visualization to be held on June 13 in Kiev

The 3rd international conference InsuranceNEXT will be held on June 13, 2019 in Kiev and will be dedicated to the state of the country's insurance market -which is now at the formative stage for transformation into a new digital reality-, the impact of economic development and GDP on insurance penetration in risk management structure, the future of the insurance market and availability of insurance services for citizens and enterprises.


STATISTICS: UKRAINE, FY2018: Life insurance increased by 34% y-o-y

GWP of Ukrainian insurers in 2018 increased by 13.67% y-o-y, to UAH 49.36 billion (EUR 1.56 billion), as data published by the regulator show. The market growth in Euro was over 20% due to a more favorable exchange rate of the national currency at the end of 2018.


UKRAINE: S&P affirmed Ukraine at B-/B, outlook stable

On April 12, 2019 S&P Global Ratings affirmed a 'B-/B' long- and short-term foreign and local currency sovereign credit ratings for Ukraine, the outlook remains stable, stated the agency's report.

UKRAINE: MTPL GWP for Jan-Feb grew by 18% y-o-y

In 2019, between January and February, the total MTPL GWP of insurance companies, members of MTIBU (Motor Transport Insurance Bureau of Ukraine), increased by 18.12% y-o-y, reaching UAH 661.44 million (~EUR 21.57 million), Forinsurer reports.










AXA has completed the sale of its Ukrainian units

The French insurer AXA Group announced it has successfully completed the deal with FAIRFAX Financial Holdings Limited (Canada) to sell its Ukrainian units - the non-life entity (AXA Insurance) and life entity (AXA Insurance Life) - both based in Kyiv, as the Paris-based insurer has said in a statement.

AXA XL to cut over 700 jobs in Europe

AXA XL has presented the plan for its future target operating model and organizational structure of the business, which includes the reduction of 711 positions in Europe, out of a workforce of 9500 employees globally.


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